Koppers closes $29-million crosstie-treating acquisition

2:17 PM MST | January 21, 2014 | Rebecca Coons

Koppers says it has completed the previously announced purchase of the crosstie-treating business and related manufacturing facility of Tolko Industries (Ashcroft, BC). The purchase price was CAD$32.4 million ($29.2 million), subject to post-closing adjustments. The purchase price included an adjustment of working capital of CAD$0.9 million.The purchase has been funded primarily by cash on hand. "We are pleased to complete the acquisition of Tolko's Ashcroft crosstie treating business, which will strengthen our presence in the Canadian railroad industry as...